978 Ellerston StComstock ParkMI49321
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Comstock Park at 978 Ellerston St, Comstock Park, MI, 49321 offers a 7.22% rental yield on a $457,800 purchase with $2,754/mo rent. 81% in year one. Equity gained on principal adds $2,954/yr while 5% annual appreciation supports $126,482 over five years. Portfolio math shows five-year ROI at 92.12% and total cumulative return in cash at $139,795. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,754/mo property income against a $2,241/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49321, Comstock Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,190 (100%) |
| Owner Occupied HU | 4,375 (60.8%) |
| Renter Occupied HU | 2,533 (35.2%) |
| Vacant Housing Units | 282 ( 3.9%) |
| Median Home Value | $311,171 |
| Average Home Value | $337,061 |
Housing Distribution
Address Breakdown
Residential
7,187
Single Family
5,191
Multi-Family
1,996
Businesses
536
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Listed by: N/A • N/A
Mls Name: Interra Homes
Mls ID: #N/A